Delta Air Lines, Inc. (NYSE:DAL) SVP Sells $447,271.02 in Stock

Delta Air Lines, Inc. (NYSE:DAL) SVP William C. Carroll sold 6,783 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the transaction, the senior vice president now directly owns 10,016 shares of the company’s stock, valued at $660,455.04. This trade represents a 40.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Delta Air Lines Stock Performance

Shares of DAL stock traded up $2.62 during mid-day trading on Tuesday, hitting $69.10. The stock had a trading volume of 7,779,865 shares, compared to its average volume of 8,575,602. The firm has a market cap of $44.59 billion, a PE ratio of 12.96, a PEG ratio of 0.78 and a beta of 1.36. The company’s 50-day simple moving average is $63.63 and its 200-day simple moving average is $54.24. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter last year, the firm earned $1.28 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

Institutional Trading of Delta Air Lines

A number of institutional investors have recently modified their holdings of the business. Sanders Capital LLC lifted its holdings in Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after acquiring an additional 749,099 shares during the period. Geode Capital Management LLC lifted its stake in shares of Delta Air Lines by 2.8% in the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after purchasing an additional 416,338 shares during the period. Pzena Investment Management LLC purchased a new stake in Delta Air Lines during the third quarter worth about $281,206,000. Castle Hook Partners LP acquired a new position in Delta Air Lines during the third quarter worth about $189,296,000. Finally, Bank of New York Mellon Corp increased its holdings in Delta Air Lines by 8.4% in the fourth quarter. Bank of New York Mellon Corp now owns 3,544,750 shares of the transportation company’s stock valued at $214,457,000 after buying an additional 274,067 shares in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DAL has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Jefferies Financial Group boosted their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Sanford C. Bernstein boosted their target price on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, Bank of America raised their price target on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $78.22.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.